Microcap Movers for Monday December 5, 2011

Below are highlights from Benzinga's daily coverage of microcap securities. Benzinga provides comprehensive, objective, and conflict-free coverage of the microcap sector in real-time at BenzingaSmallCap.com. Tennessee Commerce Bancorp Shares of Tennessee Commerce Bancorp TNCC, the Franklin, TN, bank holding company, rose 113% Monday on 14 times the average daily volume. On November 22, 2011, Tennessee Commerce Bancorp received a deficiency letter from the Listing Qualifications Department of The NASDAQ Stock Market indicating that the Company is not in compliance with the requirements for continued listing under NASDAQ Listing Rule 5250(c)(1), which requires that NASDAQ-listed companies file their required periodic financial reports with the U.S. Securities and Exchange Commission on a timely basis. The Deficiency Letter states that the Company has 60 calendar days or until January 23, 2012 to submit a plan to NASDAQ to regain compliance with the filing requirements for continued listing on the NASDAQ Global Market. If the Plan is accepted, the Company can be granted an exception of up to 180 calendar days or until May 14, 2012, to regain compliance. Tennessee Commerce Bancorp traded in a range of $0.09 to $0.30 Friday, closing at $0.18. FiberTower Corporation FiberTower Corporation FTWR, the San Francisco, CA backhaul and access transport provider focused primarily on the wireless carrier market, rose 93% today on 14 times the average daily volume. Back on November 16, FiberTower announced it had reduced its workforce approximately 40%, and halted all capital and project related spending in an effort to conserve existing liquidity. There has been no other news reported since then. Shares of FiberTower traded in a range of $0.17 to $0.30 on Friday and closed at $0.29. Lee Enterprises Shares of Lee Enterprises LEE the Davenport, IA, provider of local news, information and advertising in primarily midsize markets, with 48 daily newspapers and a joint interest in four others, rose 34% on 10 times the average daily volume. The company released an 8-K filing today, announcing it had reached agreement with certain of its lenders and all of its noteholders to extend Lee's Pulitzer Notes debt maturity to December 2015. Carl Schmidt, vice president, chief financial officer and treasurer, said Lee and its majority-owned subsidiaries expect to initiate a voluntary pre-packaged Chapter 11 filing on or about December 12, 2011. Lee Enterprises traded in a range of $0.58 to $0.74 Monday, and closed at $0.61. To get information like this on a streaming basis during the trading day, try a 100% free trial to BenzingaSmallCap.com.